Executive Order Will Likely Further Deplete Healthy Pool Of ACA Customers, Weaken Patient Protections
It's unclear exactly how much the executive order will affect the marketplaces, but analysts see it further destabilizing an already shaky landscape.
The executive order on the health-care system signed Thursday by President Donald Trump 聽will likely have a split effect on the health-insurance industry, creating new challenges for many companies but opportunities for others. The impact of the order will take months to become clear, as federal agencies move the changes through the regulatory process. But actuaries and industry officials said the shift could create problems for insurers that offer plans under the Affordable Care Act, both to individuals and small businesses. (Wilde Mathews, 10/12)
President Donald Trump on Thursday signed an executive order aiming to make it easier for Americans to buy skimpier and cheaper health insurance.聽The order isn't as aggressive as聽it might have been in undermining the ACA, but that's scant reassurance for insurers, who face an administration that seems actively hostile to a law it's supposed to enforce.聽The order aims to let association health plans -- groups of small employers banding together to buy insurance -- offer coverage throughout the U.S.聽Insurers consistently oppose selling health insurance across state lines because of varying regulations. (Nisen, 10/12)
Nearly 20 health聽organizations warn that an executive order signed by President Trump on Thursday could weaken patient protections and destabilize the individual market. ...Trump鈥檚 order seeks to expand the ability of small businesses and other groups to band together to buy health insurance through what are known as association health plans. It also lifts limits on short-term health insurance plans. (Hellmann, 10/12)
The largest hospital聽association warned that an executive order signed by President Trump on Thursday could destabilize insurance markets and make coverage unaffordable for people with pre-existing conditions.聽"Today鈥檚 Executive Order will allow health insurance plans that cover fewer benefits and offer fewer consumer protections," said Tom Nickels, executive vice president of the American Hospital Association, in a statement. (Hellmann, 10/12)
President Donald Trump's plan to make it easier for small businesses to band together and buy stripped-down health insurance plans could violate a federal law governing employee benefit plans and will almost certainly be challenged in court, legal experts said. (Pierson and Raymond, 10/12)
Colorado鈥檚 top insurance regulator responded on Thursday to President Donald Trump鈥檚 health care executive order with concern, saying the policies endorsed could lead to flimsier coverage in the state and much higher costs for the sick. 鈥淭he limited benefits, the focus on the healthy at the expense of those with pre-existing conditions, and lack of regulatory oversight will cause problems for the health insurance market as a whole,鈥 said Marguerite Salazar, the state鈥檚 insurance commissioner. (Ingold, 10/12)
Some sounded an optimistic note in the Granite State while others warned of dire consequences for consumers after President Donald Trump on Thursday issued a sweeping executive order targeting the Affordable Care Act. The order aims to make it easier for individuals and businesses to buy cheaper health care plans that offer less coverage with fewer government protections. The president and his allies say the move will spur needed competition and give consumers more options. (Duffort and DeWitt, 10/12)
